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Business Studies Recap Day 14 - HR Management

On day 14 of the Year 12 Recap we are turning our attention towards the different approaches in which human resources can be managed within a business.

A business needs to weigh up two factors when managing the workforce - how to maximise productivity and how to keep the workers happy. These two factors are difficult for the management team of a business to balance and is significantly determined by the HRM approach taken by the business. Each business will require a different HRM approach to meet the tailored needs of the business.